Taiwanese CSC’s Q3 Profits Fall by 29%

  • Friday, October 12, 2012
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  • Keywords:Taiwanese Q3
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[Ferro-Alloys.com] China Steel Corp. (CSC), the largest steelmaker in Taiwan announced that its September sales revenues were at NTUSD15.201 billion, falling by 9.67% from a month ago.
 
Meanwhile, CSC’s operating incomes in September were at NTUSD626 million, sliding by 20.5% and its net profits before taxes were at NTUSD644 million, falling by 9.6%, both compared to that in a month ago.
 
In September, CSCs’ sales volumes totaled 655,000 tons, falling by 8.6% month on month, touching the lowest level since this year.
 
Besides, CSC also reported that its third-quarter sales revenues amounted to NTUSD50.143 billion, falling by 12.1% from a quarter ago.
 

In the given period of time, the company’s net profits before taxes were at NTUSD2.061 billion, decreasing substantially by 29.1% from NTUSD2.906 billion in a quarter ago.

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